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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$213,795$213,795$373,500
Remaining term (yrs)21.721.730.0
Secondary amount$0$159,705$0
Funding fee$0$0$0
Note rate4.53%4.53%7.18%
Blended rate5.38%6.5%7.42%
1st payment$1,286.43$1,286.43$2,530.22
2nd payment$0.00$1,064.70$0.00
Taxes / mo$182.67$182.67$182.67
Insurance / mo$150.00$150.00$150.00
MI / mo$179.21$179.21$74.70
HOA / mo$118.00$118.00$118.00
Total monthly$1,916.30$2,981.00$3,055.59
Cash to close$201,205$41,500$41,500